EXHIBIT 25.7
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
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STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)___
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THE FIRST NATIONAL BANK OF CHICAGO
(Exact name of trustee as specified in its charter)
A National Banking Association 36-0899825
(I.R.S. employer
identification number)
One First National Plaza, Chicago, Illinois 60670-0126
(Address of principal executive offices) (Zip Code)
The First National Bank of Chicago
One First National Plaza, Suite 0286
Chicago, Illinois 60670-0286
Attn: Lynn A. Goldstein, Law Department (312) 732-6919
(Name, address and telephone number of agent for service)
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THE AES TRUST V
(Exact name of obligor as specified in its charter)
Delaware to be applied for
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
1001 North 19th Street
Arlington, Virginia 22209
(Address of principal executive offices) (Zip Code)
Preferred Securities
(Title of Indenture Securities)
Item 1. General Information. Furnish the following
information as to the trustee:
(a) Name and address of each examining or
supervising authority to which it is subject.
Comptroller of Currency, Washington, D.C., Federal Deposit
Insurance Corporation, Washington, D.C., The Board of
Governors of the Federal Reserve System, Washington D.C.
(b) Whether it is authorized to exercise
corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations With the Obligor. If the obligor
is an affiliate of the trustee, describe each
such affiliation.
No such affiliation exists with the trustee.
Item 16. List of exhibits. List below all exhibits filed as a part
of this Statement of Eligibility.
1. A copy of the articles of association of the
trustee now in effect.*
2. A copy of the certificates of authority of the trustee to
commence business.*
3. A copy of the authorization of the trustee to exercise
corporate trust powers.*
4. A copy of the existing by-laws of the trustee.*
5. Not Applicable.
6. The consent of the trustee required by Section 321(b) of
the Act.
7. A copy of the latest report of condition of the trustee
published pursuant to law or the requirements of its
supervising or examining authority.
8. Not Applicable.
9. Not Applicable.
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, The First National Bank of Chicago, a national
banking association organized and existing under the laws of the
United States of America, has duly caused this Statement of
Eligibility to be signed on its behalf by the undersigned, thereunto
duly authorized, all in the City of Chicago and State of Illinois, on
the 29th day of June, 1999.
The First National Bank of Chicago,
Trustee
By /s/ Steven M. Wagner
--------------------------------
Steven M. Wagner
First Vice President
* Exhibit 1, 2, 3 and 4 are herein incorporated by reference to Exhibits
bearing identical numbers in Item 16 of the Form T-1 of The First National Bank
of Chicago, filed as Exhibit 25 to the Registration Statement on Form S-3 of U
S WEST Capital Funding, Inc., filed with the Securities and Exchange Commission
on May 6, 1998 (Registration No. 333-51907-01).
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
June 29, 1999
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In connection with the qualification of The Amended and Restated Declaration of
Trust of AES Trust V, the undersigned, in accordance with Section 321(b) of
the Trust Indenture Act of 1939, as amended, hereby consents that the reports
of examinations of the undersigned, made by Federal or State authorities
authorized to make such examinations, may be furnished by such authorities to
the Securities and Exchange Commission upon its request therefor.
Very truly yours,
The First National Bank of Chicago
By: /s/ Steven M. Wagner
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Steven M. Wagner
First Vice President
EXHIBIT 7
Legal Title of Bank: The First National Bank of Chicago Call Date: 03/31/99 ST-BK: 17-1630 FFIEC 031
Address: One First National Plaza, Ste 0460 Page RC-1
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for March 31, 1999
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding of the last business day of the
quarter.
Schedule RC--Balance Sheet
Dollar Amounts in thousands C400
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RCFD BIL MIL THOU
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RCFD
RC-A): ----
a. Noninterest-bearing balances and currency and coin(1)................... 0081 3,809,517 1.a
b. Interest-bearing balances(2)............................................ 0071 4,072,166 1.b
2. Securities
a. Held-to-maturity securities(from Schedule RC-B, column A)............... 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D)............ 1773 12,885,728 2.b
3. Federal funds sold and securities purchased under agreements to
resell..................................................................... 1350 4,684,756 3.
4. Loans and lease financing receivables: RCFD
a. Loans and leases, net of unearned income (from Schedule ----
RC-C)................................................................... 2122 34,304,806 4.a
b. LESS: Allowance for loan and lease losses .............................. 3123 411,476 4.b
c. LESS: Allocated transfer risk reserve .................................. 3128 3,884 4.c
RCFD
d. Loans and leases, net of unearned income, allowance, and ----
reserve (item 4.a minus 4.b and 4.c) ................................... 2125 33,889,446 4.d
5. Trading assets (from Schedule RD-D)........................................ 3545 5,100,499 5.
6. Premises and fixed assets (including capitalized leases)................... 2145 754,052 6.
7. Other real estate owned (from Schedule RC-M)............................... 2150 5,244 7.
8. Investments in unconsolidated subsidiaries and associated
companies (from Schedule RC-M)............................................. 2130 201,068 8.
9. Customers' liability to this bank on acceptances outstanding............... 2155 265,041 9.
10. Intangible assets (from Schedule RC-M)..................................... 2143 285,709 10.
11. Other assets (from Schedule RC-F).......................................... 2160 2,987,184 11.
12. Total assets (sum of items 1 through 11)................................... 2170 68,940,410 12.
<FN>
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
</FN>
Legal Title of Bank: The First National Bank of Chicago Call Date: 03/31/99 ST-BK: 17-1630 FFIEC 031
Address: One First National Plaza, Ste 0460 Page RC-2
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
Schedule RC-Continued
Dollar Amounts in
thousands
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LIABILITIES
13. Deposits: RCON
a. In domestic offices (sum of totals of columns A and C ----
from Schedule RC-E, part 1)............................................. 2200 22,163,664 13.a
(1) Noninterest-bearing(1).............................................. 6631 9,740,100 13.a1
(2) Interest-bearing.................................................... 6636 12,423,564 13.a2
RCFN
b. In foreign offices, Edge and Agreement subsidiaries, and ----
IBFs (from Schedule RC-E, part II)...................................... 2200 19,273,426 13.b
(1) Noninterest bearing................................................. 6631 334,741 13.b1
(2) Interest-bearing.................................................... 6636 18,938,685 13.b2
14. Federal funds purchased and securities sold under agreements
to repurchase: RCFD 2800 4,405,792 14
15. a. Demand notes issued to the U.S. Treasury................................ RCON 2840 173,505 15.a
b. Trading Liabilities (from Schedule RC-D)................................ RCFD 3548 4,824,567 15.b
RCFD
16. Other borrowed money: ----
a. With original maturity of one year or less.............................. 2332 7,453,761 16.a
b. With original maturity of more than one year............................ A547 330,300 16.b
c. With original maturity of more than three years......................... A548 357,737 16.c
17. Not applicable
18. Bank's liability on acceptance executed and outstanding.................... 2920 265,041 18.
19. Subordinated notes and debentures.......................................... 3200 2,600,000 19.
20. Other liabilities (from Schedule RC-G)..................................... 2930 1,878,367 20.
21. Total liabilities (sum of items 13 through 20)............................. 2948 63,726,160 21.
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus.............................. 3838 0 23.
24. Common stock............................................................... 3230 200,858 24.
25. Surplus (exclude all surplus related to preferred stock)................... 3839 3,239,836 25.
26. a. Undivided profits and capital reserves.................................. 3632 1,813,367 26.a
b. Net unrealized holding gains (losses) on available-for-sale
securities.............................................................. 8434 (37,357) 26.b
c. Accumulated net gains (losses) on cash flow hedges...................... 4336 0 26.c
27. Cumulative foreign currency translation adjustments........................ 3284 (2,454) 27.
28. Total equity capital (sum of items 23 through 27).......................... 3210 5,214,250 28.
29. Total liabilities, limited-life preferred stock, and equity
capital (sum of items 21, 22, and 28)...................................... 3300 68,940,410 29.
<FN>
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of hte statement below that best ------------
describes the most comprehensive level of auditing work performed for the bank Number
by independent external auditors as of any date during 1996........................RCFD 6724..... N/A M.1.
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1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements by external
submits a report on the consolidated holding company auditors
(but not on the bank separately) 7 = Other audit procedures (excluding tax preparation work)
3 = Directors' examination of the bank conducted in 8 = No external audit work
accordance with generally accepted auditing standards
by a certified public accouting firm (may be required by
state chartering authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
</FN>